Kenya makes U-turn on early Sh47bn Eurobond payment

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A close-up picture of a stack of 100-dollar bills. PHOTO | SHUTTERSTOCK

By  Julians Amboko

Business Reporter

Nation Media Group

Kenya will not pay the first instalment of its $2.0 billion (Sh309.9 billion) Eurobond loan in advance this month, as earlier planned, with the government now awaiting advice from the lead arrangers on a new date next year.

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